Author: iannouncethis.com

This week, FTX founder Sam Bankman-Fried is on trial for committing or conspiring to commit wire fraud, securities fraud and money laundering. The media is focused on the topics readers can all relate to— his immorality, or that of crypto; the sums of money involved; or the nature of the charges, which are not everyday words. The last point—charges—is closest to what this trial is really about. They are: wire fraud, a scam that reaps wrongful or criminal financial gain via the internet or old-fashioned telephone. Money laundering: disguising financial assets generated from criminal activity so they look legitimate. Securities…

Gary Wang told prosecutors that Alameda Research withdrew more value from FTX than the exchange made from fees, owing $20 billion once, while Judge Kaplan reprimanded defense attorneys for repetitive questioning on SBF’s trial day 4. Former FTX CTO Gary Wang named founder Sam Bankman-Fried as a co-conspirator of fraud on day 3 of SBF’s trial. Paradigm’s Matt Huang said his VC marked down $278 million invested in Sam’s crypto exchange and Adam Yedidia detailed a “code error” that fostered Alameda’s unusual overcast on customer assets. Amid caches of overruled defense objections and the prosecution’s search for smoking guns, curtains…

Landlords and tenants in Scotland have been asked to give their views on rent controls – but they are limited in how they can respond. The Scottish government has extended rent controls until March 2023, which mean that rents cannot be increased by more than 3% – unless landlords apply to Rent Service Scotland with evidence of costs like mortgage interest rates rapidly rising. The ‘consultation’ period will last until 29 October 2023 and deals with rent controls, along with pets in rental properties, tenant modifications to a property, eviction protection, and uses for unclaimed deposits. But it’s not considered…

Once you are finally ready to make payments on your student loans, it might seem like a pretty straightforward thing to do—just start paying, right? But depending on when you pay and even when you don’t pay, you can get burned and end up owing your lender way more money than you assumed you would.  So how do you make sure that you end up paying exactly what you’re supposed to? Here are five tips to help you get started. Key Takeaways The earlier you start paying back your loans—even while you’re still in school—the quicker you’ll pay them off,…

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest market news check out finance.yahoo.com Stocks ended the session lower Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s testimony and eyed potential headwinds to the recent rally, including concerns about China’s economy. The Dow Jones Industrial Average (^DJI) fell 0.72%, or more than 200 points. The S&P 500 (^GSPC) was down about 0.47%, while the Nasdaq Composite (^IXIC) dropped 0.16%. Worries about the health of China’s economy, the second-biggest in the world, persisted as Beijing’s latest cut to a key…

Exxon Mobil Corp. is close to a deal to buy shale-drilling company Pioneer Natural Resources for about $60 billion, the Wall Street Journal reported late Thursday. Citing sources familiar with the matter, the Journal said the deal could be finalized in the coming days. The Journal had reported in April that the two companies had held preliminary talks. The acquisition would be one of the largest in the U.S. this year, and Exxon’s biggest since it bought Mobil in 1999. The Journal noted that Exxon has been flush with cash since posting record profits last year, and is looking to…

Stock futures are falling ahead of data on initial jobless claims and Exxon reported its likely to see an earnings boost from higher oil prices. Here’s what investors need to know today. 1. Exxon Expects Earnings Boost From Higher Oil Prices Exxon Mobil (XOM) expects its third-quarter earnings to increase by $2.1 billion on higher oil prices and refining margins, with analysts suggesting that the oil giant’s earnings could be about $2.33 a share, in line with estimates. The profits could be partially offset by a decline in its chemicals business and shares of Exxon shares declined about 1% in…

If you have invested in Cryptocurrency, we have some news for you, according to report from Standard Chartered – could hit hundred thousand dollar by the end of 2024. It is believed that Bitcoin could gain from various factors, be it from recent turmoil in the banking sector or from the improved profitability of crypto mining. #cryptocurrency #bitcoin #businessnews About Channel: WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi,…

EPR Properties (NYSE: EPR) has an interesting focus on experiential real estate. That includes things as varied as ski resorts and amusement parks. For more aggressive investors, the stock’s huge 7.9% dividend yield will probably be very enticing. But that high yield is also an indication of the risk that comes with EPR’s unique focus. Here’s why conservative investors will probably want to stay away for now.EPR’s dividend is well coveredBefore getting into the big negative for EPR, it is worth giving the real estate investment trust (REIT) some credit. Indeed, it has earned it. The fact is that owning…

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, +0.48%  is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance year-to-date, any sequential improvement in trends could provide a meaningful rebound for LULU; however, we are more inclined to favor a slow, sequential quarterly improvement throughout 2014,” analyst Matthew McClintock at Barclays said in a report published Tuesday. Finisar US:FNSR  is forecast to post fourth-quarter…